Opteck was founded by a professional team of Centralspot Trading (Cyprus) Ltd in 2011, who were motivated in financial markets Forex and CFD trading. It is operated by a team of traders who specialized in Forex and CFD (Contract for difference). Thus, users are given a world class trading experience that is provided with expert knowledge throughout the trading process.
Like many other brokers, Opteck offers a 100% online platform, however Opteck prides itself on its ability to deliver useful information in a very easy-to-understand method, such a way making trade fast and responsive.
One of trading key advantages that we can highlight in our Opteck review is an useful experience, which you receive from using its platform. Opteck invests a lot of time and resources to provide the latest available technologies for trading. Combined with more than 70 assets, a large knowledge base, and online chat, Opteck provides everything for trader needs to place fast and successful trades.
Opteck Trading Activities
Please note that starting from March 2017, Opteck will be accepting new binaries traders ONLY from the following countries: HONG KONG, NEW ZEALAND, MALAYSIA, TRINIDAD AND TOBAGO, SOUTH AFRICA, SINGAPORE, SEYCHELLES, BERMUDA, JERSEY and REPUBLIC OF KOREA. As for traders of other countries, the company is launching a new trading activity in Forex and CFDs (contracts for differences) in order to give its customers an opportunity to make more profits in the financial market.
Another big advantage that we should admit in Opteck.com review is an offer of over 70 assets for choice ranging from stocks to popular indexes, currency pairs, and commodities like gold, and oil.
Opteck Forex and CFD trading
For beginners and traders, who are just having a look at Opteck platform, we can advice in our Opteck.com review to check series of broker's tools that include a comprehensive asset index explaining available markets, along with technical tools for analysis and viewing methods for the studying of directional movements in market prices. Other tools, with the help of which traders can get familiar with the Opteck Forex and CFD trading platform are: reversal strategies based on parabolic sar data, momentum indicators, pattern assessment tools, etc.
Live news updates are also a key feature that we found useful using the platform, keeping you up-to-date with what the market is up to.
For those, who are starting to learn Forex and CFD trading, Opteck can offer a large base of e-books, covering trading basics, online video tutorials, and instructions from Opteck about the best way for a new trader to start. There is also given an opportunity to speak with financial and trading experts, to get answers on traders questions.
Also, in this Opteck review let's mention Opteck Forex and CFD trading instruments:
Is an option to choose whether you think that underlying asset price is going either up or down. When the trader believes that the asset price is going up, he needs to choose Call. And vice versa he chooses Put, when the asset price is going down. A great tool for new and experienced users is that their trades are monitored by Opteck through its trading platform after placing.
One Touch Option
This option's goal is that the chosen asset's price has at least once touched a specific price level. It does not matter if the price goes above or below your specified mark if there was at least 1 touch - you would get a profit! Commonly such payouts can reach 400%.
Using this option type you can trade with time ranging expiration from 30 seconds to one hour. You are able to make quick profit with 1 minute option.
Comprising lower and upper price of the option target, this instrument, at last, is forming a boundary range.
‘In the money’ means you earn money from trades, when you have successfully predicted that asset's price has moved up or down from its original point. The simplicity in Forex and CFD trading makes it great for anyone who can look at simple data and decide if the price of an asset goes up/down. Traders enjoy payouts of up to 71% with Opteck Forex and CFD trading. The company carefully shows detailed assets information, so both experienced and beginner traders are provided with the necessary trading tools.
Before making real trades you are offered Opteck demo account, which is a useful addition especially for new traders. It is a great way to try your abilities and skills with it, as well as to get known with the platform and to try different strategies. You don't need to make a deposit and to spend real money while trading at Opteck demo.
Opteck uses 128 bit SSL technology to encrypt all information that they store, and all communication running through their system. This makes Opteck’s transactions methods like deposits or withdraws safe, and secure. Opteck enables methods for fast transactions accepting a wide range of currencies.
Opteck Forex and CFD Accounts
Counting out Opteck demo, the broker has 6 account types that you can set up with. Each next account type has better benefits than the previous one:
1. Green – your investment should be from $250 to $499. It is intended for those, who want to deposit a small money amount or for those, who only start their trading with Opteck. You get: 25% bonus, live\chat support, free educational video tutorials and e-book on Forex and CFD trading.
2. Bronze – deposit is from $500 to $999 (up to 1K) with a welcome 35% bonus and $5 000 demo money. As well as in Green account, you get support and educational tutorials.
3. Silver – asides from benefits of types above, for the $1000-$4999 deposit you are given 45% bonus, $10 000 demo money, introduction session with a Senior Account Manager and 10-20 daily Forex and CFD signals from SignalsXP.
4. Gold – requires $5000 - $9999 account funding to receive extra +1% payout, 20-30 Forex and CFD signals a day, 65% bonus, $15000 demo, 2 webinars.
5. Platinum – deposit $10000 - $24999 for the privilege of Introduction & Strategy session with an Executive Account Manager, 85% bonus, 30 to 40 Trading Signals per day, $25000 demo, +1% extra payout, Private sessions with Senior Analyst, Priority access line, $100 minimum trade amount, 3 webinars.
6. Black – fund $25000 - $50000 and get +2% extra payout, 40 to 50 daily signals, 100% welcome bonus, Weekly sessions with Senior Analysts, Minimum amount per trade - $250, 4 Illuminating Webinars.
In Opteck.com review, we can list several withdrawal methods that it supports: credit cards and webmoney, Western Union, bank wires and CashU. The process is very simple – you need log in your trading account, click the “Withdrawal” button and to fill in all the necessary information about the desired sum, etc.
The minimum withdrawal amount is $50 (for wire transfers it is $100) and a charge fee is 3.5% (for VIP, Platinum/Black account owners the first withdrawal is free). The request time is about 3 or 4 business days.
In our Opteck review, we should also mention information about Opteck scam, because nowadays many people are faced with this trouble. First of all, we can remind that this broker is regulated in Cyprus by CySEC and is under strict rules of MiFID (EU). And this is the first fact of Opteck legitimacy determination.
But what about traders feedbacks? We have found a lot of welcoming reviews from Opteck clients and users saying that they are fully satisfied with company's professionalism. Opteck offers many support services for clients including telephone support, online chat, and email. If you’re a new trader, Opteck provides you with an account representative who will help you with getting started on first trades. Opteck also has specialists with strong trading backgrounds that can assist more experienced traders in studing Opteck Forex and CFD tradinginstruments, and can give expert advice for future trades. Including online trading material that is provided by Opteck, this support is exactly the kind a trader looks for from a good broker. Such a way, discussions about Opteck scam are pretty pointless.
Negative reviews and posts related to Opteck scam, which can be found on the web, are basically from unexperienced or disappointed users, who have lost their money from misunderstandings in their trading.
In conclusion of Opteck review, we can admit that this company impresses by its level of customers support services, so traders tend to trust and to deal with this Forex and CFD provider.